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When it comes to artificial intelligence (AI), the advances we saw in 2021 pale in comparison to those that occurred last year, and AI shows no signs of slowing down. Industries from financial services to healthcare to manufacturing are adopting AI-enabled solutions to restructure how they operate as well as to solve previously intractable problems. Building on my AI predictions from last year, in this article I will explore five ways in which AI is poised to transform our society in the near future. Generative AI had an explosive year in 2022. Popular systems like DALL-E 2, Stable Diffusion and Midjourney can produce incredibly detailed images from a text prompt in a matter of seconds, irrevocably altering the landscape of graphic design.

Students are using it draft essays, therapists experimenting with it can for counselling, it is passing MBA exams with consummate ease with universities panicking and contemplating going back to handwritten exams. It seems to write instant sonnets and haikus on the Second World War, the Webb Telescope and makki-ki-roti with equal effortlessness. It has rocketed to 100mn users in a mere two months; Twitter took five plodding years and even the WWW took seven! ChatGPT is the poster boy of a larger movement in AI, called Generative AI (GenAI), sometimes also referred to as Large Language Models, Foundation Models, or Transformers. Other well-known manifestations of Generative AI are DALL E2 and Stable Diffusion which transform prompts into spectacular art, and the text-generator GPT3, which is where ChatGPT originated from. The spectacular performance of Generative AI has people wondering and whether it will replace search and fearing whether it will take away the jobs of artists, programmers, consultants, and journalists.

After all, they were among the first to back innovative blockchain technologies and even embrace Web3 and NFTs. Late last year, OpenAI's new chatbot sparked a conversation about the future of artificial intelligence. And lately, it's been grabbing attention with its ability to craft human-like responses and even ace an exam from Wharton.

ChatGPT, the artificial intelligence chatbot, continues to have internet users abuzz, given its ability to answer prompts on a stunning variety of subjects, to create songs, recipes, and jokes, to draft emails, and more. "It's amazing to have this technology do in seconds what it takes many of us hours to do," says Deborah Rossen-Knill, executive director of the University of Rochester's Writing, Speaking, and Argument Program and a professor of writing studies. Those endless possibilities, however, have faculty and administrators in higher education expressing anxiety as well as awe, because ChatGPT also can write essays and code, answer homework questions, and solve math problems. "We're all trying to figure out how it fits into the existing landscape of higher education," says Rachel Remmel, assistant dean and director of the University's Teaching Center. "Everyone is talking about it."

Like pretty much everyone else in the past few months, journalists have been trying out generative AI tools like ChatGPT to see whether they can help us do our jobs better. AI software can't call sources and wheedle information out of them, but it can produce half-decent transcripts of those calls, and new generative AI tools can condense hundreds of pages of those transcripts into a summary. Writing stories is another matter, though. A few publications have tried--sometimes with disastrous results. It turns out current AI tools are very good at churning out convincing (if formulaic) copy riddled with falsehoods.

Bank of America strategists identified 20 stocks poised to benefit from the intense enthusiasm surrounding artificial technology, as a host of companies scramble to capitalize on ChatGPT's viral moment. Bank of America identified 20 stocks poised to cash in on the AI craze. Microsoft, partial owner of ChatGPT parent OpenAI, unsurprisingly headlined the picks outlined in the Tuesday note to clients, as the bank lauded the tech giant's "recent success with AI-driven offerings" and the upside the technology brings for its Bing search engine; the analysts set a $300 price target for the company's stock, indicating 20% upside. The strategists, led by Eric Lopez, also recommend buying Google-parent Alphabet, Facebook-parent Meta and Chinese Baidu, Microsoft and OpenAI's most direct competitors in the generative technology space, after each announced expansions to their respective units in recent weeks. Analysts identified American technology giants Adobe, Arista Networks, Nvidia, Palantir, and Shutterstock as firms who provide essential technology for artificial intelligence or who already use the technology in different end cases.

AI images have shocked the photography world with their hyper-realistic output. But there is seemingly one thing they keep stumbling over -- hands. AI image generators such as DALL-E, Midjourney, and Stable Diffusion are notorious for adding one too many fingers or morphing digits together, making them look nightmarish. Midjourney is getting crazy powerful--none of these are real photos, and none of the people in them exist. Earlier this year, PetaPixel reported on realistic party pictures generated by AI.

ModuleQ, the People-Facing AI company, announced the first GPT-enabled insights solution for client-facing professionals. ModuleQ People-Facing AI enables businesses to deliver timely, hyper-personalized insights directly to their client-facing professionals in Microsoft Teams. ModuleQ's initial GPT integration helps professionals work more efficiently by summarizing key themes in news articles and research reports, and the company will launch additional use cases in the near future. ModuleQ selected the GPT models and Microsoft Azure OpenAI Service to help customers unlock the value of their information assets, both proprietary and externally sourced. ModuleQ People-Facing AI improves employee experience and drives revenue growth by proactively surfacing real-time, client-centered insights, automatically tuned to the current context and preferences of each professional.

Elon Musk has indicated that he's interested in creating his own version of OpenAI's ChatGPT in order to rival the popular AI chatbot. A new report from The Information goes into detail about AI researchers being contacted by Musk's team to develop a new version of OpenAI's ChatGPT. According to the report, Musk's team has already reached out to several developers regarding the purported project, and one of those researchers was Igor Babuschkin, a former senior AI researcher at Google's Deepmind, who was contacted for the position of lead developer on Musk's vision for the AI. Details of Musk's new AI chatbot are scarce and hardly set in stone, but we can expect that it will be different from OpenAI's ChatGPT in certain aspects. Notably, Musk co-founded OpenAI back in 2015 but left the company in 2018.